Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Crude oil futures edge lower on US stocks data ahead trade talks

Agriculture | Biofuels | Grains | Energy | LNG | Natural Gas | Oil | Crude Oil | Metals | Steel | Shipping | Marine Fuels | Tankers

Market Movers Asia, Oct 14-18: US-China's partial trade deal, Mideast oil risks in focus

Oil

Platts Market Data – Oil

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Oil

Dubai futures: Lapse in freight rally jump starts Middle East crude market

Crude oil futures edge lower on US stocks data ahead trade talks

Singapore — Crude oil futures were steady to marginally lower during mid-morning trade in Asia Thursday after a bearish report on US crude inventory and ahead of the resumption of US-China trade talks later in the day.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

At 10:35 am in Singapore (0235 GMT), ICE Brent December futures were down 11 cents/b (0.19%) from Wednesday's settle at $58.21/b, while the NYMEX November light sweet crude futures contract was 13 cents/b (0.25%) lower at $52.46/b.

US commercial crude stocks rose 2.73 million barrels to 425.57 million barrels in the week ended October 4, Energy Information Administration data released late Wednesday showed.

Analysts surveyed Monday by S&P Global Platts had been expecting a 2.4 million-barrel build

US crude production averaged a record 12.6 million b/d in the week as US net imports of crude oil fell to levels not seen since February, the EIA data showed.

While markets digested this bearish report, all eyes were turning to the resumption of trade talks between the US and China scheduled in Washington later Thursday.

"Updates on US-China trade keeps its grip on markets as we await the commencement of trade talks," IG market strategist Pan Jingyi said.

According to media reports, Chinese delegation head Vice Premier Liu He plans to leave Washington after just one day of minister-level meetings, although the White House was quoted as denying this.

"With global risk appetite caught between the crosswinds of US-China trade tensions and other headlines, Asian markets may again trade with a cautious tone today," OCBC Bank analysts said in a note Thursday.

"Low expectations for any breakthrough in Thursday's talks one to drive markets," Jingyi said.

As of 0235 GMT, the US Dollar Index was down 0.13% at 98.71.

--Avantika Ramesh, avantika.ramesh@spglobal.com

--Edited by Wendy Wells, wendy.wells@spglobal.com